Stocks Fall as Brent Hits $110; Bond Selloff Eases: Markets Wrap
This content was published on
(Bloomberg) — Stocks fell as the stalemate between the US and Iran kept driving oil prices higher, while bonds found some stability after last week’s global selloff.
Switzerland Grows More Than Expected Despite Franc, Energy Spike
This content was published on
(Bloomberg) — Switzerland’s economy grew faster than anticipated in the first quarter, weathering a spike in energy prices and a strengthening franc that each took effect at the outbreak of the Iran war.
PolyPeptide Is Said to Shortlist EQT, IDG for Next Bidding Round
This content was published on
(Bloomberg) — PolyPeptide Group AG has shortlisted private equity firms EQT AB and IDG Capital in the next round of bidding for the Swiss contract drugmaker, according to people familiar with the matter.
UBS Loses Middle East Wealth Bankers It Hired Two Years Ago
This content was published on
(Bloomberg) — UBS Group AG has lost several senior wealth management bankers in the Middle East less than two years after hiring them, indicating the intense level of competition for talent in the region.
Global Inventory Race Intensifies in Shadow of the Iran War
This content was published on
(Bloomberg) — The global rush to stockpile manufactured goods on fears of an energy-supply crunch will again overshadow business surveys in the coming week gauging the impact of a third month of war in the Middle East.
Swiss Lawmaker Pitches EU Immigration Tax in Overcrowding Debate
This content was published on
(Bloomberg) — A vice president of a Swiss government party wants to charge European Union immigrants a fee if their arrival causes population density stress in Switzerland, according to a newspaper report on Sunday.
Swatch Shops Shut as Audemars Piguet Collaboration Causes Mayhem
This content was published on
(Bloomberg) — After queuing for days to get their hands on the new Audemars Piguet-Swatch collaboration, fans on Saturday finally got their chance to buy the eye-catching pop-art timepiece, but heaving crowds stopped some stores from opening their doors and prompted pleas for calm.
Stocks Post Worst Day Since March as Bonds Get Hit: Markets Wrap
This content was published on
(Bloomberg) — A selloff in global bonds halted a rally in stocks, with concern intensifying that central banks will be forced to tighten policy to keep inflation in check amid persistently elevated oil prices.
S&P 500 Tops 7,500 as AI Fuels Record-Breaking Run: Markets Wrap
This content was published on
(Bloomberg) — A revival of the artificial-intelligence trade kept fueling momentum in stocks, with the market also rising after retail sales showed signs of consumer strength despite a war-driven surge in energy costs.
$300 Billion AI Debt Binge Spreads From Wall Street to Tokyo
This content was published on
(Bloomberg) — Bankers were still putting the final touches on Alphabet Inc.’s blockbuster $17 billion of bond sales when word started to spread Monday morning on Wall Street: the company is already hawking more debt.
Stocks Get Tech Boost to Hit Fresh All-Time Highs: Markets Wrap
This content was published on
(Bloomberg) — A rally in technology giants drove stocks to all-time highs, overshadowing data showing a resurgence in inflation that fueled wagers the Federal Reserve will keep rates higher for longer.
Swiss Population Cap Study Shows 12% GDP Hit by End of Century
This content was published on
(Bloomberg) — A Swiss population cap of 10 million risks curbing economic output by as much as 12% through the end of the century, according to a government-commissioned study.
Zurich Sees No Decline in $10 Billion Private Credit Portfolio
This content was published on
(Bloomberg) — Zurich Insurance Group AG said it sees “no signs of impairment or declines in quality” in its private credit investments, which amount to roughly $10 billion invested across senior corporate lending, mid-market loans and infrastructure debt.
Chip Stocks Sink as Inflation Woes Boost US Yields: Markets Wrap
This content was published on
(Bloomberg) — A selloff in high-flying chipmakers drove stocks lower, with the market also falling alongside bonds after inflation data showed the impacts of energy disruptions stemming from the war in Iran.
Amazon Sells Swiss Franc Bond Offering in Record Six Parts
This content was published on
(Bloomberg) — Amazon.com Inc. sold its first Swiss franc bonds across a record six tranches, as Big Tech looks beyond its regular debt markets to raise funds.
Swatch Quashes Activist Attempt to Shake Up Hayek Stronghold
This content was published on
(Bloomberg) — Shareholders of The Swatch Group AG rejected US activist investor Steven Wood’s push for a seat on the watchmaker’s board of directors for a second time, reinforcing the controlling Hayek family’s hold on the company.
Sneaker Brand On Disappoints Investors With Sales Outlook
This content was published on
(Bloomberg) — On Holding AG kept its sales outlook unchanged, disappointing investors even after a robust first quarter that saw consumers snap up the Swiss brand’s apparel and new sneakers including the $170 Cloudtilt Remix.
ECB Must Act If Iran War Threatens Price Stability, Nagel Says
This content was published on
(Bloomberg) — The European Central Bank will continue analyzing the economy before deciding next month whether to raise interest rates, but policymakers must take action if the Iran war jeopardizes price stability, according to Governing Council member Joachim Nagel.
US Citizen Infected With Hantavirus Now Isolated in Nebraska
This content was published on
(Bloomberg) — A US citizen who was infected with hantavirus from the Hondius cruise ship is being cared for in a biocontainment unit in Nebraska, US health officials said Monday, while another who developed symptoms despite not testing positive is being treated at Emory University in Atlanta.
Oil Climbs as US-Iran Deadlock Lifts Bond Yields: Markets Wrap
This content was published on
(Bloomberg) — A renewed advance in oil prices sent bonds lower after the US and Iran failed to agree on terms to end their war, dashing hopes for a revival of the Strait of Hormuz while stoking inflation concerns.
